Ameritech's Adjusted Net Rises,
Exceeding Analysts' Forecasts

Ameritech Corp. Tuesday announced a 10% increase in second-quarter earnings excluding a charge, coming in at the high end of analysts' expectations.

For the period ended June 30, Ameritech posted net income of $537 million, or 97 cents a share, compared with $567 million, or $1.02 a share, in the year-earlier period. Revenue increased 6.4% to $3.99 billion from $3.74 billion a year ago.